What is the parol evidence rule?

The parol evidence rule is a rule of contract law in North Carolina that prevents parties from introducing evidence of oral agreements that contradict written agreements. Basically, the parol evidence rule states that all of the terms of an agreement must be included in a final, written contract, and any oral modifications or agreements not included in that contract are not valid. That written document is the only evidence that can be considered for the enforceability of the contract. In order to be considered valid, the parol evidence rule requires the written agreement to be "clear and unambiguous," that is, it must be written in a way that does not leave any room for misinterpretation. For example, if a contract states that a certain piece of property is being sold for a certain price, no other terms can be added or changed at a later date. The parol evidence rule is an important part of contract law in North Carolina because it ensures that contracts are valid and enforceable. Any agreements that are not included in the written contract are not legally binding and may be deemed invalid in a court of law. The parol evidence rule serves to protect both parties involved in the contract and ensures that all of the terms are agreed upon before the contract is finalized.

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What is the parol evidence rule?

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